How Does Your Financing Work?
We offer owner financing where we can sell you the home without you having to qualify at a bank. We also can offer you Lease purchase options. With a reasonable down payment and a reasonable monthly payment, we allow you the right to purchase the property at any time during your rental agreement at the locked in purchase price. Down payment assistance and rental credits are available.
How Much Down Payment Do I Need?
We are very flexible with down payment. We can offer you many options, and we will always do our best to work with whatever funds you have available. You can even start out on a lease purchase and then move to owner financing at a later date when you have the additional money. We also accept trades for partial or full down payment. So if you have any items of value that you would like to exchange for full or partial down payment, we would be happy to work with you.
Do You Offer Down Payment Assistance Programs?
Yes we do. A lot of times if you are a bit short on down payment we can set up a monthly payment plan spread out over 6-12 months. We will also accept trades as full or partial down payments.
What Other Methods Of Down Payment Are Accepted ?
Unlike most lending institutions, we accept borrowed funds for closing. If you have a close friend or relative willing to lend you money for your down payment you can use that in our program. You may also be eligible to withdraw or borrow from your RRSP to purchase a home without penalties. We also accept trades.
How Does Your Lease Purchase Program Work?
We can lease you the home with the exclusive right to purchase it at a later date. Our buyers love it because it gives them time to save up for a larger down payment; time to clean up past credit problems, time to sell another home, and also time to try out the neighbourhood before buying. We are obligated to sell to you, however you are not obligated to buy. 100% of your down payment is credited towards the purchase price of the home, plus you may receive credits of the monthly payment towards the purchase price every month you pay your lease on time.
What Is The Interest Rate On Your Owner Financing?
We are flexible with our terms to meet your needs. Typical interest rates range from 7.5% to 9.5% depending on down payment and application. All credit is accepted and applications are necessary to verify income and employment.
I Love The Home, What Is The Next Step?
All we need is your application. You can even fax it in for faster processing! We will then contact you within 24 hours once we verify income and employment. Please keep in mind that our homes sell quickly so time is of the essence.